Abitibi Royalties Files Injunction Against Osisko Mining Corporation for Enforcement of Its Contractual Rights
30 Mai 2014 - 3:30PM
Marketwired
Abitibi Royalties Files Injunction Against Osisko Mining
Corporation for Enforcement of Its Contractual Rights
VAL-D'OR, QUEBEC--(Marketwired - May 30, 2014) - Abitibi
Royalties Inc. (TSX-VENTURE:RZZ) ("Abitibi Royalties") announces
that it has filed a Motion with the Québec Superior Court to
institute proceedings for the issuance of provisional,
interlocutory and permanent injunction orders under Articles 110
and 751 et seq. of the Québec Code of Civil
Procedure for the enforcement of its contractual rights under
the joint venture arrangement between Abitibi and Osisko Mining
Corporation to explore and develop a mining property known as the
Malartic CHL Prospect in the Fourniere Township of Abitibi County,
Québec, which they hold as undivided co-owners. The Motion is set
to be heard on Friday May 30, 2014.
About Abitibi Royalties Inc.
Abitibi Royalties holds 100% title to the Luc Bourdon and
Bourdon West Prospects in Ontario and a 30% free-carried interest
on the Malartic CHL Property near Val-d'Or, Québec which is the
object of a joint venture with Osisko. In addition, the Company
holds a 2% net smelter royalty interest in one additional claim
held by Osisko, and may acquire and generate other property and
royalty interests.
Golden Valley Mines Ltd. holds an approximate 62.7% interest in
Abitibi Royalties Inc.
Forward Looking Statements:
This news release contains certain statements that may be deemed
"forward-looking statements. Forward looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would",
"may", "could" or "should" occur. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or realities may differ
materially from those in forward looking statements. Forward
looking statements are based on the beliefs, estimates and opinions
of the Company's management on the date the statements are made.
Except as required by law, the Company undertakes no obligation to
update these forward-looking statements in the event that
management's beliefs, estimates or opinions, or other factors,
should change.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Glenn J. MullanPresident2864 chemin SullivanVal-d'Or, Quebec J9P
0B9Tel.: 819-824-2808, x 204Email:
glenn.mullan@goldenvalleymines.com
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